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Bank of Montreal lowers five-year fixed mortgage to 2.99%

posted by The Mortgage Associates    |   September 16, 2014 08:01

Bank of Montreal lowers five-year fixed mortgage to 2.99%

Article by Garry Marr, September 9, 2014, Financial Post

"Bank of Montreal is lowering the rate on its five-year fixed rate closed mortgage to 2.99%, a move that in the past has triggered a rate war among its competitors.

BMO quietly started promoting the new rate on its website Tuesday. It amounts to a 30-basis point drop from the 3.29% it was advertising earlier this week."

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